Mumbai : Considering the prospects of a good monsoon, the State government has set a target of 10 percent for agricultural growth. The State recently constructed 1,497 checkdams in the drought-hit talukas and they will be inaugurated on June 9.
“There is adequate seeds, fertiliser stock and the credit plan has been increased from Rs 27,000 crore to Rs 34,000 crore. So there can be more credit supply to farmers,” he added.
The checkdams, which will considerably improve the water storage capacity during monsoon, had been constructed at an estimated Rs 150 crore, Chavan briefed.
“In four districts of Western Maharashtra, the checkdams will result in water storage of additional 8.5 TMC,” he explained.
Desilting work had been done on a massive scale through people’s participation as a result of which the storage capacity of water reservoirs is expected to increase, Chavan said.
Farm ponds have been constructed and the catchment areas have been widened.
Chavan said commercial banks are now providing 51 per cent of the agriculture credit to farmers while co-operative banks are providing 49 per cent.
RBI had passed restrictions against eight banks including Nagpur, Wardha, Buldhana, Osmanabad, Dhule Nandurbar and Jalna co-operative banks. Out of these, Dhule-Nandurbar and Jalna banks have been revived and banking licence has been granted.